Haste Enterprises issues 10-year, $1,000,000 bonds that pay semiannual interest of $50,000 If the effective annual rate of interest is 12%, what is the issue price of the bonds? Some relevant and Irrelevant present value factors PV of ordinary annuity of $1: n 10, -12% is 5.65022 "PV of Stn 10; -12% is 0.32197 PV of ordinary annuity of $1: n-20; 6.0% is 11 46992 "PV of $1: n-20; 1-6.0% is 0.31180